Lam Research Corporation $LRCX Shares Sold by Carderock Capital Management Inc.

Carderock Capital Management Inc. lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,936 shares of the semiconductor company’s stock after selling 15,434 shares during the quarter. Lam Research comprises approximately 4.4% of Carderock Capital Management Inc.’s portfolio, making the stock its 2nd largest position. Carderock Capital Management Inc.’s holdings in Lam Research were worth $18,134,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Gryphon Financial Partners LLC lifted its stake in Lam Research by 4.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $300,000 after acquiring an additional 68 shares in the last quarter. Gilliland Jeter Wealth Management LLC grew its position in Lam Research by 0.3% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock valued at $3,548,000 after acquiring an additional 69 shares in the last quarter. Gold Investment Management Ltd. increased its stake in Lam Research by 0.5% during the third quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock worth $1,973,000 after purchasing an additional 70 shares during the period. Rosenberg Matthew Hamilton increased its stake in Lam Research by 8.1% during the fourth quarter. Rosenberg Matthew Hamilton now owns 939 shares of the semiconductor company’s stock worth $161,000 after purchasing an additional 70 shares during the period. Finally, Hemington Wealth Management lifted its position in shares of Lam Research by 4.3% during the third quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock worth $231,000 after purchasing an additional 72 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,886 shares of company stock worth $29,658,802 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent analyst reports. Zacks Research raised shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $290.00 target price (up from $260.00) on shares of Lam Research in a research note on Thursday, January 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. The Goldman Sachs Group set a $262.00 price target on Lam Research and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, UBS Group set a $300.00 price target on Lam Research in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.35.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $233.31 on Tuesday. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $256.68. The firm has a market capitalization of $291.35 billion, a P/E ratio of 47.81, a P/E/G ratio of 2.46 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The company’s fifty day moving average price is $227.18 and its 200 day moving average price is $179.07.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, sell-side analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s payout ratio is 21.31%.

Lam Research Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.